Private foundations are currently allowed to make grants to donor-advised funds and to count those grants toward their charitable distribution requirement of 5 percent of their assets each year.
The three highest-earning DAF sponsors each take in more than double the donations of the highest-earning operating charity.
Prominent philanthropists, national funders, and policy organizations are launching a campaign to call for common sense charity reforms.
Some donor-advised fund sponsors claim to democratize giving. They are making themselves look more egalitarian than they actually are.
